BILT215
Over 25 years at WSFS Mark and his team grew WSFS 10 times in asset size, 20 times in revenue and profit, and 30 times in market value. Mark guided WSFS from a market value of approximately $100 million to over $3 billion on the NASDAQ exchange, outperforming the shareholder returns of peers and broader indexes by a factor of many times.m. Listen up as Mark shares highlights from his long, storied career and his new book, "The Path to Sustained Excellence."
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Dr Mike Daley has a big personality to go along with his big company exit. But his seeming overnight success was years in the making. He spent decades assembling advanced degrees and making money for Big Pharma before deciding at the ripe age of 62 to become an entrepreneur and launch his company Orthogenrx. Dr Daley literally liquidated his retirement plans, raised a few million from investors and bet the farm on importing an injection for knee pain already used widely overseas. Seizing the opportunity to exploit a rarely used FDA process loophole he was able to fast track the approvals and...
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After spending 20+ years as a project manager for giants Kaiser Permanente and McKesson he paused to find a problem that he could solve with a new business. He took a deep dive into interviewing clients to find aches and pains that he could capitalize on. After much research and a chance encounter with an investor-backer he launched PharmaForce with the mission to deliver flexible technology solutions for pharmacies, providers and patients demanding greater transparency and lower costs. After a mere 7 years he recently had a very successful exit to a PE firm. Tune in to hear Dan’s story on...
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Sylvester Mobley is the Founder and CEO of the youth tech education non-profit, Coded by Kids. Through his organization he works to increase access to tech education opportunities for those who are underrepresented in tech, especially children of color. Under his leadership, Coded by Kids has grown from serving fewer than 15 children in a rec center to serving more than 500 students per week. Tech has a lot of great benefits but there are still groups of people being locked out of it.
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Felicite Moorman is the CEO and co-Founder of STRATIS IoT, the only Sidewalk to Sofa® Intelligent Building Solution built for Multifamily and Student Housing. STRATIS helps create smart apartments and intelligent buildings built for the complexities of split multi-family and student housing. Serving over 325,000 apartments in the US, and over 18,000 internationally, STRATIS is poised for more growth in the future.
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Mahe Bayireddi is the Co-Founder and CEO of Phenom People, a global HR technology company with a mission to help 1 billion people find the right job. With over 200 million people using the product in 140 countries, including 50 of the Fortune 500 companies, Mahe is well on his way to achieving his goal of revolutionizing the talent life cycle through technologies, specifically AI.
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Nader Elm is the Co-Founder and CEO of Exyn Technologies, a commercialization of the technology spun out of GRASP Labs (General Robotics, Automation, Sensing and Perception Laboratory at the University of Pennsylvania). Since its founding in 2014, Exyn has become the world leader in autonomous data acquisition using drone technology.
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Bill Yoh is the youngest of five children born to Spike Yoh. Bill's grandfather, Harold, helped build the Philadelphia-based business that is now in its 5th generation, Day & Zimmermann. Founded in 1901 as a fledgling staffing company for engineers, it has grown into a massive organization of 45,000 employees globally and nearly $3 billion in revenue, making it one of the biggest privately held companies in the US and the world.
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Mike Hagan is a founder, operator and wildly successful investor in a variety of companies. He has repeatedly proven his ability to create or invest in a company, scale it and successfully exit. His venture was the B2B procurement WebHost VerticalNet, which hit a market capital peak of $11 billion. Unfortunately, Vertical Net ended in flames like many other dot.com companies at the turn of the millennium.
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Bob Moore is a serial entrepreneur with over 15 years of experience, who started his first business venture when he was at Princeton. In the early 2000s, as online poker was becoming popular, Bob jumped on an observation he made to create the Mooraculator to computerize what his peers were calculating in their heads to level the playing field for others who wanted to make money playing poker.
info_outlineMahe Bayireddi is the Co-Founder and CEO of Phenom People, a global HR technology company with a mission to help 1 billion people find the right job. With over 200 million people using the product in 140 countries, including 50 of the Fortune 500 companies, Mahe is well on his way to achieving his goal of revolutionizing the talent life cycle through technologies, specifically AI. Mahe shares more about his entrepreneurial journey, the inefficiencies he is trying to solve in the global hiring and recruiting market, and how his company is impacting millions of people globally. He also has insights about creating a strong company culture, how to export that culture around the world, and what it takes to be a leader.
Key Takeaways:
[3:25] Kevin does a speed round with Mahe.
[5:45] Mahe has started other companies in the past. What were some of the big successes and losses in those?
[10:03] Kevin lays out the structure of this podcast.
[11:52] How did Mahe's journey begin?
[14:58] What is the problem that Mahe is solving? Who are the stakeholders in Mahe's business?
[18:24] There are many inefficiencies in the global hiring market that Mahe is trying to reduce with his company.
[24:36] Mahe describes his company as providing "talent experience management". What are some of those attributes they are using to drive those experiences?
[29:24] Kevin and Mahe discuss "customer" acquisition from an eCommerce, sales and marketing perspective vs. a recruiting and HR perspective.
[32:18] How does Phenom work with recruiters and employees?
[38:26] How does Mahe use AI to learn more about candidates beyond just their resumes?
[41:32] Mahe shares more about validated psychometric testing — what does that mean? How widespread is the adoption and what are some of the strengths and pitfalls?
[45:58] What are some elements of Phenom People that certain customers have rejected?
[48:05] What is the culture of Mahe's company?
[55:33] What are the five values at Phenom?
[58:47] Every candidate interviewed has to resonate with the company values to be a good fit. Mahe explains the hiring process at Phenom.
[1:00:42] How does Mahe ensure a positive onboarding process?
[1:05:02] Why has James Harvey Gravell become a part of the company ethos?
[1:08:05] How has Mahe exported the company culture and ethos abroad?
[1:11:52] Mahe shares more about the company expansions into Europe.
[1:13:47] What is Mahe's leadership style? What are some of his leadership principles?
[1:17:47] How difficult has it been to export the company culture?
[1:19:54] How does Phenom's revenue model work?
[1:21:43] What is retention like at the company?
[1:23:23] Mahe share's more about the different rounds of fundraising he did.
[1:25:40] What are Mahe's feelings towards a potential IPO?
[1:26:36] What are some obstacles Mahe foresees in reaching his goal of serving 1 billion people?
Links:
Delivering Happiness, Tony Hsieh